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45 Mississippi Counties Declared Primary Agriculture Disaster Areas Due to Weather
News – Insurance Journal Aug 23, 2019 | 12:56 pmU.S. Agriculture Secretary Sonny Perdue has named 45 Mississippi counties primary natural disaster areas because of freezing, flooding, flash flooding and excessive rain. Producers who had losses from those causes since Jan. 15 may be eligible for Farm Service Agency[…]
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Austin Association of Insurance Professionals Supports Schools
News – Insurance Journal Aug 23, 2019 | 11:35 amThe Austin Association of Insurance Professionals made their annual donation of school supplies to Wooten Elementary in August. School supply delivery was handled by AAIP 2019 President Lindsey Burton on Aug. 2. In addition to the supplies donated by members,[…]
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Twister in Iowa Had Winds of 150 MPH, Weather Service Reports
News – Insurance Journal Aug 23, 2019 | 11:28 amThe National Weather Service says the tornado that damaged or destroyed several buildings in rural Warren County was rated at EF3, with peak winds of 150 mph. It touched down near Lacona a little before 6 a.m. Tuesday and ran[…]
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678 Citations in 1st Week of Minnesota’s Hands-Free Law
News – Insurance Journal Aug 23, 2019 | 11:25 amMinnesota Department of Public Safety officials say officers cited 678 drivers across the state during the first week of the new hands-free cellphone law. The Star Tribune reports that officers handed out 286 citations in Hennepin County, or about 40[…]
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Fire Station in Texas Latest Recovery From Hurricane Ike
News – Insurance Journal Aug 23, 2019 | 11:24 amGalveston, Texas has a new main fire station as recovery continues since Hurricane Ike swamped parts of the city in 2008. The Galveston County Daily News reports the $9.6 million Fire Station No. 1 was one of the last large[…]
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Union Pacific Worker In Texas Dies, Pinned Between Tankers
News – Insurance Journal Aug 23, 2019 | 11:22 amInvestigators say a Union Pacific worker has died after being pinned between two railway tanker cars in Southeast Texas. The Jefferson County Sheriff’s Office says 39-year-old Travis Andrepont of Louisiana was killed before dawn Tuesday in Beaumont. Officials didn’t immediately[…]
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Japan’s Tepco to Propose Decommissioning 5 Nuclear Reactors: Media
News – Insurance Journal Aug 23, 2019 | 11:20 amTokyo Electric Power will submit to a municipal official on Monday a plan regarding the decommissioning of five reactors at its Kashiwazaki-Kariwa nuclear station, the world’s biggest atomic plant, Jiji Press said. Japan suffered its worst energy crisis since the[…]
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California Utility Wants Help Paying Wildfire Victims
News – Insurance Journal Aug 23, 2019 | 11:09 amA troubled California utility company is asking the state Legislature to let it borrow money without paying taxes so it can compensate victims of a devastating wildfire caused by its equipment. Pacific Gas & Electric is facing up to $30[…]
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Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid
News – Insurance Journal Aug 23, 2019 | 11:01 amAs the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken[…]
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Motor Vehicle Accident Fatalities Decline
News – Insurance Journal Aug 23, 2019 | 09:57 amThe four-year upward trend in motor vehicle deaths that began in 2015 is ebbing, with the number of fatalities in the first six months of 2019 dropping 3% compared to the same six-month period in 2018. Preliminary estimates from the[…]
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U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System
News – Insurance Journal Aug 23, 2019 | 09:47 amTwo U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter[…]
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New Business Up 20% at Insurer AIA on Hong Kong, China Sales
News – Insurance Journal Aug 23, 2019 | 09:32 amAsia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value,[…]
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Following Deadly Blast, Russia Launches Floating Nuclear Reactor
News – Insurance Journal Aug 23, 2019 | 09:26 amRussia’s Rosatom shipped its first floating nuclear-power reactor on Friday, setting the unit off on a barge journey among Arctic ice caps, raising concerns in the wake of a recent military accident that caused a brief spike in radiation. The[…]
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China Tops List of U.S. Cybersecurity Agency’s Top Risks
News – Insurance Journal Aug 23, 2019 | 09:11 amA newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including[…]
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Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations
News – Insurance Journal Aug 23, 2019 | 08:42 amAllianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers[…]
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Captain of Ferry that Ran Aground in Boston Harbor Off Job Pending Drug Test
News – Insurance Journal Aug 23, 2019 | 08:40 amThe captain of a commuter ferry that ran aground in Boston Harbor has been placed on leave pending drug test results. The Boston Globe reported Saturday that the captain was taken off the job pending the test, which is routine[…]
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Everest Insurance Adds Three Members in Pennsylvania, New York
News – Insurance Journal Aug 23, 2019 | 07:44 amEverest Insurance has added three members to the Financial Lines Private Company/Not‐For‐Profit group. This group provides management liability insurance for private and not‐for‐profit companies of all sizes and industries. Michelle Bockin has joined Everest Insurance as a director, managing all[…]
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The Connecticut Interlocal Risk Management Agency Hires Dion, Martin
News – Insurance Journal Aug 23, 2019 | 07:35 amThe Connecticut Interlocal Risk Management Agency (CIRMA) has hired Ellen Dion as chief financial officer (CFO). Dion has property and casualty insurance industry expertise spanning more than 25 years and will oversee budget preparation and administration, financial planning and operations,[…]
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Alliant Adds Shaffer to Its Mid-Atlantic Team as Senior Vice President
News – Insurance Journal Aug 23, 2019 | 07:08 amAlliant has added John Shaffer III to its Mid-Atlantic team. The Bethesda, Md.-based property and casualty specialist will serve as senior vice president, designing and delivering a range of insurance and risk management services to clients throughout the region as[…]
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Broker Not Liable for Late Notice that Cost Illinois Client $1.34M
News – Insurance Journal Aug 23, 2019 | 01:32 amAn Illinois construction company that waited six years to inform its excess insurer that it had been sued cannot expect coverage from that carrier, and it can’t go after the insurance brokerage that sold it the policy either, a federal[…]
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